en.Wedoany.com Reported - A senior executive of the Abu Dhabi National Oil Company (ADNOC) stated on Tuesday at the Global Energy Show held in Calgary that the company is exploring opportunities in Canada's liquefied natural gas (LNG) and upstream sectors for its international division, XRG.

Musabbeh Al Kaabi, ADNOC's Upstream CEO, did not disclose details of potential investments ADNOC might consider in Canada. However, he expressed feeling "encouraged" by Canada's renewed focus on energy development. The United Arab Emirates aims to increase its overseas energy investments, particularly through the newly established company XRG, which serves as the foreign investment arm of the state-owned oil company ADNOC.

In response to tariff threats from President Donald Trump, Canada is also striving to diversify its exports away from its primary market, the United States. Canadian Prime Minister Mark Carney made an official visit to the UAE late last year. Al Kaabi noted that this visit laid the foundation for future cooperation.

Canada is the world's fourth-largest crude oil producer and ranks fifth in natural gas production. Recently, Germany's SEFE Uniper and Germany's SEFE have shown interest in Canada's emerging LNG industry. Canadian Natural Resources Minister Tim Hodgson stated that during a period of global uncertainty, Canada is working to position itself as a secure and reliable energy supplier. ADNOC already has operations in Canada through its portfolio company Nova Chemicals, which has facilities in Alberta.

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